Foreign Investors Return After a Month... Net Buying 1.7 Trillion Won in KOSPI
On the 12th, the KOSPI surged more than 8% on expectations of the end of the Middle East war. The photo shows the dealing room of Hana Bank in Jung-gu, Seoul that morning. Photo by Yonhap News
View original imageForeign investors have resumed net buying on the KOSPI for the first time in about a month, driving the index higher.
As of 1:32 p.m. on June 12, foreign investors had recorded a net purchase of approximately 1.7 trillion won on the KOSPI, causing the index to surge by more than 8%. Institutional investors were also net buyers, with purchases totaling 2.5 trillion won, while individual investors had net sold about 4 trillion won.
This marks the first time in 25 trading days that foreign investors have been net buyers in the KOSPI market, with the last occurrence on May 6. Up until the previous day, foreign investors had net sold a total of 75.569 trillion won over 24 consecutive trading days on the KOSPI.
The 24-day streak of net selling was the fourth longest on record. The longest occurred in March 2020 during the COVID-19 pandemic, when foreign investors net sold the KOSPI for 30 consecutive trading days.
By amount, the largest net sold stock by foreign investors in the KOSPI market was Samsung Electronics, with 31.8708 trillion won.
Hot Picks Today
"The Largest Since 1950 Is Coming": Chilling Warning as Disruptions Have Already Begun
- "I'm Not Selling, It Will Rise Tenfold from the IPO Price"... The Man Who Spent 15 Years Accumulating SpaceX Shares Eyes a 30 Trillion Won Jackpot
- After Hitting Record Low in Approval Ratings, Kremlin Quietly Halts Poll Releases... Putin Faces Public Scrutiny
- "Suddenly Black-Rimmed Glasses? That Student Looks Suspicious"... Taiwan Shocked as Prestigious University Detects First-Ever Cheating with AI Glasses
- Amidst 'Unprecedented Scandal'... Election Commission Employee Caught Practicing Golf Swings in Office, Disciplinary Action Initiated
This was followed by SK hynix (28.919 trillion won), Hyundai Mobis (3.3811 trillion won), LG Electronics (2.6766 trillion won), and Hyundai Motor (2.6346 trillion won).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.